Tag Archives: IRS

Prepare for Hurricanes, Disasters by Safeguarding Tax Records

Courtesy of IRS WASHINGTON — The 2011 hurricane season starts today, and the Internal Revenue Service encourages individuals and businesses to safeguard themselves against natural disasters by taking a few simple steps.

Injured Spouse Details

Today TaxMama hears from Karaya in the TaxQuips Forum who is frustrated. “I have filled an Injured Spouse form 8379 because part (a huge part) of my refund was retained to pay a student loan (debt by my spouse before we were married).  IRS sent me a notice that they couldn’t process the request because […]

IRS Commissioner Shulman to Review Innocent Spouse Rules

Courtesy of NAEA IRS Commissioner Shulman sent two identical letters to Senate Finance Committee Chairman Max Baucus (D-MT) and Congressman Pete Stark (D-CA) in response to the April 18 Senate and House letters sent to the commissioner expressing concern on the two-year limit on the innocent spouse rules. In the April 18 letters to IRS, […]

IRS Seek Public Input on Certain Employer Provisions of the Affordable Care Act

Courtesy of IRS WASHINGTON — The Treasury Department and Internal Revenue Service today requested public comment on issues relating to the shared responsibility provisions included in the Affordable Care Act that will apply to certain employers starting in 2014.

Trust Fund Penalty

Today TaxMama hears from Steve in the TaxQuips Forum with a big problem. He says, “The IRS wants me to sign a trust fund recovery form accepting personal responsibility for corporate 941 back taxes. They are making this a requirement as part of a full pay installment agreement.http://pmilv.com/wp-content/languages/new/tadalafil.html They are telling me that they will […]

Wrong Address

Today TaxMama hears from Jose in the TaxQuips Forum with this distressing problem.buy canada aciphex online http://healthinschools.org/wp-content/languages/new/canada/aciphex.html no prescription He says, “My brother in-law made a mistake on his income tax return envelope by writing the wrong address on it. It was mailed on the 17Th of April, but since there was an error on […]

Everything You Wanted to Know About the IRS EA Exam

This time of year, everyone has lots of questions about the IRS Special Enrollment Examination.  That’s why I hold a session – and record it – to explain the most important aspects of the Exam, and what you need to know if you’re going to be studying to become an Enrolled Agent.   If you missed […]

Your Opinion Counts! Speak Up!

Public Comment Invited on Recommendations for 2011-2012 Guidance Priority List IRS Notice 2011-39 The Department of Treasury and Internal Revenue Service invite public comment on recommendations for items that should be included on the 2011-2012 Guidance Priority List.

IRS Holds My Refund

Today TaxMama hears from Jelani, in the TaxQuips Forum with a problem. “I have a hold on my 2010 tax refund. The IRS says that in 2007, 2008, 2009 I paid enough mortgage interest to file taxes on, but I haven’t filed since 2005. The mortgage payments that I made were made using the equity of the […]

Legal Fees on Cancelled Debt

Today TaxMama hears from Carole in the TaxQuips Forum, with this interesting question. “Can a person deduct legal fees paid to lawyers that negotiated their debt (both personal & business credit cards as well as a mortgage on their personal home) as an itemized deduction? I’ve read that legal fees for collecting or producing taxable income […]

Ten Things to Know About Tax Refunds

Courtesy of IRS Are you expecting a tax refund this year? Here are 10 things the IRS wants you to know about your refund.